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This is an acronym that stands for One Last Time - used in reference to an activity that one would undertake one last time with a group of friends. Different from YOLO in the sense that it's not a cop out phrase to make irresponsible decisions. Mostly used in a hashtag form. #OLT
WOOO Vegas! #OLT

Guys, this is it! #OLT

We're going streaking!!! #OLT

Come one guys, lets just do this, OLT!
by av9av9 December 03, 2013
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The Best "Jedi Knight II" clan in Spain. Means Oscuros Lores Tenebrosos del Sith which translates into Dark Sith Lords.
OLTS kicked our ass again
by Magic X November 06, 2003
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